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Muthoot Fincorp To Raise Rs 480 Cr Through NCDS

Muthoot Fincorp Ltd, the flagship company of Muthoot Pappachan Group, will tap the public markets on Thursday through a issue of Non Convertible Debentures (NCDs) for raising Rs 250 crore, with an option to retain over subscription up to Rs 230 crore, aggregating to Rs 480 crore, a top official [...]
January 8, 2020

Outlook 2020: Further Repo Cut Required, Banks Need To Pass On Benefits To Customers

Overview – The coverage has appeared basis CMD’s year-ender quote disseminated 2019 was a tricky year for the Indian economy which is currently going through a tough phase with GDP growth at 4.5 per cent. The tension between United States and China even led to global concerns and as we [...]
December 25, 2019

Muthoot Fincorp Plans 60 New Branches In AP, T

Kerala-based Muthoot Fincorp on Thursday that it would open 60 new branches in the two Telugu states. While Telangana which currently has 265 branches will get 27 new ones, Andhra Pradesh, home to 317 branches now, will have 33 new branches. “We open 200 branches every year. The new branches [...]
November 28, 2019

Muthoot Fincorp To Focus On SMES In TS For Gold Loans

Kerala-based Muthoot Fincorp said it will focus on SME segment as well as retail customers in Telangana for its gold loan products. The average ticket size of gold loan is about Rs 35,000 and the loan is disbursed in about 10 to 12 minutes. The MSME loan amount varied from [...]
November 28, 2019

Muthoot Fincorp Expects 15-17 Per Cent Growth In Assets Under Management For FY20

Kerala-based Muthoot Fincorp expects 15 to 17 per cent growth during the current financial year in its assets under management (AUM), which is pegged at about Rs 12,300 crore as of now, a senior official of the gold loan company said on November 28. “We grew at 16 per cent [...]
November 28, 2019
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